Dodge & Cox Reduces $62M in Suncor Energy Inc. ($SU)

Dodge & Cox reduced its position in Suncor Energy by 995,300 shares.

Key Points

  • Dodge & Cox trimmed its stake in Suncor Energy by 995,300 shares, reducing its holdings by about 3.65% to 26.26 million shares.
  • Suncor Energy, trading at $61.80, has a market cap of $72.59 billion and a P/E ratio of 16.31.
  • Suncor Energy offers a dividend yield of 2.79% with an annual rate of $1.73 and a payout ratio of 44.49%.

Dodge & Cox has trimmed its stake in Suncor Energy Inc. (NYSE:SU), cutting its holdings by 995,300 shares. This reduction brings its total shares to approximately 26.26 million, valued at about $1.62 billion. This move, reported in a recent 13F filing with the SEC, reflects the fund's position as of the most recent quarter.

What Changed in Dodge & Cox's Suncor Energy Position

Dodge & Cox reduced its position in Suncor Energy by about 3.65%, selling 995,300 shares. Before this adjustment, the fund held approximately 27.26 million shares. Now, it holds around 26.26 million shares, with a reported value of $1.62 billion.

Suncor Energy Stock Snapshot

Shares of Suncor Energy (NYSE:SU) are currently trading near $61.80. The company has a market capitalization of roughly $72.59 billion and a P/E ratio of 16.31. Suncor's stock has ranged from a 52-week low of $37.23 to a high of $70.29. Its 50-day moving average is $65.05, and the 200-day moving average is $51.85. The company has a current ratio of 1.42 and a quick ratio of 0.89, with a debt-to-equity ratio of 32.36.

Recent Earnings

Suncor Energy reported revenue of $51.07 billion, with a revenue growth rate of 17.5%. The company achieved a net margin of 12.39% and a return on equity of 13.97%. The next earnings report is expected on May 5, 2026.

Dividend

Suncor Energy offers an annual dividend rate of $1.73, yielding 2.79%. The dividend payout ratio is 44.49%, providing a steady income stream for shareholders.

About Suncor Energy Inc.

Suncor Energy Inc. is an integrated energy company based in Calgary, Alberta. It operates through three main segments: Oil Sands, Exploration and Production, and Refining and Marketing. The company explores and produces oil and natural gas and is involved in refining and marketing petroleum products. Led by CEO Richard M. Kruger, Suncor employs over 15,000 people and serves markets in Canada, the United States, and internationally.

Bottom Line

Dodge & Cox's recent reduction in its stake in Suncor Energy highlights ongoing adjustments in institutional investments. While these filings reflect past positions, investors often monitor such changes to gauge fund sentiment. Suncor's robust market position and steady dividend make it a notable player in the energy sector.

See Also

This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.